The state’s jobless rate hits the lowest point since the start of the pandemic and nears record lows set three years ago.
Maine business
Posted inBusiness, Maine, News
Did it work? The elusive impact of a $45 million state grant to grow jobs
The Maine Technology Institute, which awarded the taxpayer funds, makes very little data available about the investments.
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Posted inBusiness, Maine
In effort to retain workers, Waterville-based Day’s Jewelers to lock its doors on Sundays
The employee-owned jeweler has operated seven days a week for decades, but a survey of workers found they were struggling with finding a balance between their professional and personal lives.
Posted inBusiness, Maine
Hobby Lobby, Harbor Freight Tools eye expansion into Augusta
The national chains are looking to occupy retail space in the former Sears building at Turnpike Mall off of Western Avenue.
Posted inBusiness, Maine, News
Idexx closing subsidiary, ending business in Russia
The $3.2 billion veterinary medicine powerhouse kept operations going in Russia for four months after the invasion of Ukraine.
Posted inBusiness, Maine
Workers at Morrill teen mental health facility seek to unionize
Employees at Ironwood Maine say they intend to vote to form a union to improve pay, working conditions and standards of care at the residential program and school.
Posted inBusiness, Maine, News
Some of Maine’s seasonal businesses are going to extremes to house workers
Tourism-reliant businesses are renting out hotel rooms and private residences to staff, and a few are even building new housing for their seasonal workforce.
Posted inBusiness, Maine, News
New Gloucester telecom company Otelco rebrands as GoNetspeed
The company was purchased by a private equity firm, which is grouping five telecommunications companies under the same name.
Posted inBusiness, Maine
Sebasco Harbor Resort sold to hotel management firm
The Phippsburg retreat has been sold to Massachusetts-based Giri Hotel Management, which operates nearly two dozen Maine hotels.
Posted inBusiness, Maine, News
Maine unemployment drops as total jobs nearly reach pre-pandemic level
Maine employers added about 3,400 jobs a month since January, driving the unemployment rate to its lowest point in two years.